Guide to Digital Currencies for Internet Casinos

Cryptocurrency is a electronic currency that uses cryptography to ensure safety. The main feature of cryptocurrencies is their decentralized nature, which distinguishes them from traditional fiat currencies controlled by central banks. Cryptocurrencies are based on blockchain—a distributed and decentralized database of all transactions, accessible to network participants.

The importance of cryptocurrencies for players is high for several reasons: transaction anonymity, high speed, and freedom from political and economic shifts. Using cryptocurrencies in online casinos allows players to avoid difficulties with banking and government restrictions, as well as enhances the degree of privacy for financial operations.

Benefits of Cryptocurrencies for Online Casino Players

Using cryptocurrencies in online casinos provides players with a range of benefits that make them an attractive option for online gambling. This is an important part that deserves attention. Namely:

• Anonymity. One of the key advantages of cryptocurrencies is anonymous transactions. Players can fund their accounts and withdraw winnings without providing personal data. This is especially crucial for countries with rigid legislative restrictions on gambling.
• Speed. Cryptocurrency transactions are completed much faster than traditional bank transfers. Thus, players can start playing instantly (after making a deposit) and also receive their winnings quickly.
• Fees. Here, everything is handled without intermediaries such as banks or payment systems. Therefore, the fees for cryptocurrency transactions are cheaper than those for using traditional payment methods.
• Reliability. Smart contracts ensure security and reliability. They self-execute the terms of transactions, entirely eliminating the possibility of fraud or technical (banking) errors.
• Transparency. Blockchain technology provides complete transparency of all transactions. That is, each transfer is public and auditable, minimizing the risk of fraud since the transfer is easily traceable.
• Investment. Cryptocurrencies not only serve as a means of payment but can also act as an investment asset. Their value can significantly increase, so players often receive passive income without being seasoned investors.
• Lack of Control. Cryptocurrencies are not tied to any country or central bank. Vulnerability to political and economic changes is minimized.

TOP-5 Cryptocurrencies for Online Casinos

There are thousands of cryptocurrencies, but some are particularly favored among online casinos. Some of them distinguish themselves for their outstanding reliability, ease of use, and widespread adoption. Here are the five main cryptocurrencies that almost every online casino supports:

• Bitcoin (BTC). Bitcoin is considered the ""gold standard"" among cryptocurrencies. It is the most well-known and widely used cryptocurrency in the world. BTC is prized for its high level of security, broad recognition, and the ability to conduct large transactions, which is especially appreciated in the world of gambling.
• Ethereum (ETH). Ethereum holds a special place in the crypto world thanks to the power of its smart contracts. With ETH, you can not only send and receive money but also automate many processes and services within online casinos.
• Tether (USDT). This is a ""stable"" currency pegged to the US dollar rate. This ensures almost zero volatility (currency exchange rate changes). This point makes USDT the favored choice for players who prefer calm waters over the stormy sea of currency quotes.
• Binance Coin (BNB). The brainchild of the Binance cryptocurrency exchange. Initially, their internal token became popular worldwide. BNB quickly became a means of payment in various projects, including online casinos.
• Toncoin (TON). Initially an internal token of the Telegram messenger. The cryptocurrency reached rapid popularity due to high transaction speeds and small transfer fees. Now TON is a standard for an efficient and reliable system for transactions in online casinos.

Where to Keep Cryptocurrency

Before obtaining cryptocurrency, it's important to choose where to secure it—crypto wallets. The choice of a crypto wallet depends on many elements, including the supported cryptocurrencies, the security level, the ease of use of the interface, and functional features. Let's examine several wallets for your crypto holdings and their attributes.

MetaMask

This crypto wallet is ideal for storing BTC, ETH, BNB, and numerous other cryptocurrencies. It is well-known as a web browser extension (Chrome, Firefox, Yandex Browser, etc.) and is also accessible as a mobile app for iOS and Android. MetaMask has several features that are noteworthy:

• Installation. The multi-currency wallet is readily installed as a browser extension. The process of installation is straightforward and does not require advanced technical knowledge. After installation, the user can establish a new wallet or import an existing one using a secret phrase (seed phrase).
• Features. Involves receiving, storing, and transferring cryptocurrencies. You can manage few accounts. It easily integrates with decentralized applications on the Ethereum blockchain and other similar networks. This makes MetaMask especially popular among users who engage in the DeFi and NFT ecosystems.
• Security. Strong level of security, as the user exclusively controls the keys. These are private keys that are saved locally and are never transmitted outside.

TronLink

The designated storage for the TRON (TRX) cryptocurrency. It is also perfectly designed for handling USDT and USDC on the TRC-20 network. TronLink is available as a browser extension, a mobile app for Android and iOS, and in a web version format. In general, it is appropriate for all and every TRON blockchain aficionado. It has various features:

• Installation. For the browser, simply go to the Chrome Web Store, find TronLink, and add it to your browser. Smartphone users download the app from the App Store or Google Play. Just follow the usual procedure for installing apps on your devices.
• Features. With TronLink, you can not only transact with TRX and TRC-20 tokens, like USDT, but also interact with dApps on the TRON blockchain. There is a feature to trade one cryptocurrency for another within the wallet itself. You can generate and switch between multiple wallets.
• Security. The safeguarding of assets is ensured by several layers of protection and encryption. User keys are held locally and are not transmitted to external servers. It is enough to establish a strong password and keep it secret.

Crypto Wallet in Telegram (@wallet)

Online casinos make use of the benefits of the TON ecosystem, one of the key ones being the crypto wallet built right into the Telegram messenger. This is arguably the most convenient tool for online casino players who use Telegram.

• Installation. To start using the cryptocurrency wallet in Telegram, you need to enable the @wallet bot in the messenger. This can be done by finding the bot through the search in the app and starting a dialogue with it. Adhering to simple and easy prompts, the wallet can be configured in 2 minutes right in your messenger.
• Features. Users keep, transmit, and receive TON, BTC, and USDT cryptocurrencies right within the Telegram interface. This greatly simplifies the process of using cryptocurrency, as it does not require installing extra apps or programs. Transactions here are finished in a few clicks, which is particularly useful when making a deposit in an online casino from a smartphone.
• Security. The cryptocurrency wallet is integrated into the messenger, supplying a sufficient level of security through the use of sophisticated encryption methods inherent to the Telegram platform. Without your knowledge, funds will not leave your account, but the main thing is to protect your Telegram account itself.

How to Acquire Cryptocurrency

After picking the right crypto wallet, the next step is to fund it with cryptocurrency. For this, there are specialized platforms - cryptocurrency exchanges and crypto exchangers. Each option offers particular services, conditions, and degrees of security. Let's start with cryptocurrency exchanges.

Cryptocurrency Exchanges

Crypto exchanges are online platforms where you can purchase, sell, and exchange cryptocurrencies using different fiat currencies or alternative digital assets. The most reputable crypto exchanges offer a wide selection of cryptocurrencies and have strong security measures. Here are some examples of trustworthy crypto exchanges:

• Binance. The largest crypto exchange in the world with a broad range of cryptocurrencies and trading pairs. This is where the largest volume of crypto trading happens. Binance features competitive rates, extensive liquidity, and multiple trading options, including futures and margin trading.
• Coinbase. Draws in users with its user-friendly and intuitive interface, making it an ideal option for beginners. It offers immediate buying of cryptocurrencies with fiat money and supports a wide array of digital assets. It is distinguished by strong adherence to regulatory standards, adding confidence in the reliability of operations.
• Bybit. Specializes in crypto derivatives and margin trading. The exchange offers low costs, quick trades, and advanced trading tools. Bybit is ideal for more sophisticated users who wish to leverage various trading strategies.

Identity Verification and Geographic Restrictions

To work with crypto exchanges, you need to complete the identity verification process (KYC), which helps exchanges combat fraud and money laundering. This process includes submitting a photo of an identity document or other personal information.

It is also important to keep in mind that some crypto exchanges do not provide their services to citizens of certain countries due to regulatory restrictions. Always check the availability of the exchange in your region and clarify the terms of service on the official website or through technical support.

How to Buy Cryptocurrency on a Crypto Exchange

The process of purchasing cryptocurrency on a crypto exchange and subsequently transferring it into an online casino consists of several steps.

1. Sign Up. To begin, you need to choose a crypto exchange and create an account there. The registration procedure usually involves entering basic information such as name, email, and password.
2. Complete identity verification. To meet regulatory requirements, most crypto exchanges require identity verification. This may involve sending a photo of a passport or other identification document, and sometimes confirming the address of residence. The process usually lasts a few days.
3. Deposit funds. After verification, you can deposit fiat money (EUR, USD, RUB) via bank transfer or using other payment methods such as debit cards.
4. Purchase cryptocurrency. Once the funds arrive in your account, you can buy cryptocurrency. Choose the desired cryptocurrency and set a purchase order at the current market rate or set your price with a limit order.
5. Transfer cryptocurrency to the online casino. To play in a crypto casino, you need to transfer some of the bought cryptocurrency to the casino's account. This is accomplished through the withdrawal function on the exchange, indicating the casino wallet address.
6. Confirm the transaction and start playing. Ensure the information you provided at each step. Once the cryptocurrency is deposited into your casino account, you can start playing. Be sure to check any casino bonuses for the deposited amount.

Cryptocurrency Exchangers

For those looking for a more straightforward way to get cryptocurrencies, crypto exchangers are a convenient alternative. They usually do not require verification and allow fast exchange of fiat money for cryptocurrency. This is a convenient tool for speedy buying or exchanges of digital assets.

The biggest advantages of crypto exchangers include the lack of registration and verification, which lowers the entry barrier for new users and speeds up the transaction process. Also, they usually have no strict geographic restrictions, making exchangers accessible to users around the world.

To choose a worthy cryptocurrency exchange service, pay attention to the next aspects:

• Project age. Serves as an indicator of the reliability of the exchanger. Long-term presence in the market often indicates stability and reliability of the service, as exchangers that have been operating for a long time typically accumulate experience in addressing various operational problems.
• Number of users and feedbacks. A crucial aspect when choosing an exchanger. A large number of positive reviews can indicate a good reputation of the service, a user-friendly interface, and the quality of technical support.
• Commissions. Can vary greatly depending on the exchanger, the type of currency, and the transaction amount. Increased fees can considerably raise the cost of the operation, so choose platforms with competitive rates.
• Transaction processing. Can be executed either automated or manually. Automatic processing systems typically provide faster transactions, while manual management may take more time but offers an additional level of control over the security of operations.

How to Purchase Cryptocurrency at an Exchanger

The process of acquiring cryptocurrency through crypto exchangers and depositing into a crypto casino is straightforward and accessible. Below are the steps you need to follow.

1. Select a Crypto Exchanger. Use the BestChange exchange monitoring service to find a reliable exchanger with the best rates and feedbacks. The platform displays exchanges with up-to-date rates and exchange conditions.
2. Choose a Cryptocurrency. Decide on the cryptocurrency you want to acquire. This could be Bitcoin, Ethereum, USDT, or various options available for depositing into an online casino.
3. Specify the Currency and Payment Amount. Pick the currency you have (USD, EUR, RUB) and indicate the amount you want to purchase cryptocurrency for.
4. Provide an Account for Receiving Cryptocurrency. Specify the address of your crypto wallet, to which the acquired cryptocurrency will be sent. Also provide payment details, such as a credit card number or payment system data.
5. Transfer the Money. Complete the payment of the stated amount to the account provided by the crypto exchange. After this, the cryptocurrency will be sent to your chosen crypto wallet.
6. Deposit into the Online Casino. Once the cryptocurrency reaches your crypto wallet, transfer the necessary amount to the account at the online casino. You can get the deposit details in the ""Deposit"" page on the casino website.
7. Start Playing and Winning! After the funds are credited to your casino account, you are ready to start playing. Don't forget to look for possible deposit bonuses that can boost your chances of winning.

How to Withdraw Winnings in Cryptocurrency

Withdrawing winnings in cryptocurrency from an online casino to your crypto wallet is a straightforward process, similar to making a deposit but in reverse. Let's see what steps you need to take:

1. Go to the ""Withdraw"" Page. In your personal account on the casino website, find the ""Withdraw"" tab.
2. Set the Amount. Enter the eligible amount you want to withdraw from your gaming balance.
3. Select a Cryptocurrency. Specify the type of cryptocurrency in which you wish to receive your winnings. Usually, it is the same cryptocurrency in which the deposit was made. If there are no difficulties, proceed to the next step.
4. Enter Your Crypto Wallet Address. At this stage, you need to specify the address of your crypto wallet, to which the funds will be sent. Ensure that the address is entered correctly to avoid errors in the transfer. You can easily get the address in the main window of your wallet.
5. Confirm the Transfer. The withdrawal request must be verified by you, depending on the protection set on your account. This might be done through two-factor authentication or email.
6. Receive Your Winnings. After confirming the operation, the money will be sent to your crypto wallet. Processing time may vary depending on the blockchain network load.

Conclusion

Now you are familiar with the basics of using cryptocurrency: from buying and keeping to depositing into an online casino and withdrawing winnings. The first time may involve some confusion and trepidation, but over time, the process will become nearly effortless for you.